InterDigital (IDCC) volatility elevated on wide share price movement following Nortel patent auction

InterDigital (Nasdaq: IDCC) rallied sharply on July 1 following the higher than expected price paid for the patents sold by Nortel (OTC: NRTLQ). July put option implied volatility is at 81, August is at 68, September is at 61; above its six-month average of 51 according to Track Data, suggesting larger price movement.

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